XRP recently dropped to $1.00, testing a key support level after inflation data from the Federal Reserve raised concerns. The price rebounded slightly to $1.07, with three potential scenarios ahead: a continued rebound supported by strong volume at $1.06, price consolidation awaiting new catalysts, or a breach below $1 leading to further drops to $0.80, $0.62, or $0.51. Meanwhile, the XRP Ledger surpassed Ethereum in RLUSD stablecoin supply, with regulatory approval in Japan boosting institutional and retail access, adding a positive fundamental backdrop for XRP.
XRP may be poised for a short-term rebound as technical indicators like the Tom DeMark Sequential '9' buy signal and a Morning Star Doji pattern suggest a potential bullish reversal. However, confirmation depends on increased trading volume. Meanwhil...
David Schwartz, former CTO of Ripple, clarified that while a payment concept by Ryan Fugger in 2004 predated Bitcoin by five years, the XRP token and XRP Ledger were launched in 2012, three years after Bitcoin's inception. Fugger's early design was a...
XRP futures markets saw a sharp 832% increase in long liquidations over the past week, with nearly $3 million in forced exits, indicating a significant deleveraging event. Open Interest dropped 11.1% monthly from $1.18 billion to $1.04 billion, refle...
XRP is hovering near a critical support level of $1.06, which traders see as pivotal for its short-term direction. Despite a modest daily rebound, XRP remains down over the past week and three months, reflecting cautious market sentiment. Key upcomin...
Ripple's XRP price fell to $1.02, its lowest since early February, after leveraged traders faced $9 million in liquidations, mainly on Binance. This forced selling reduced speculative pressure and lowered open interest on major exchanges, potentially...
